Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.136%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1161.162% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.136%, 7d avg +0.010%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.146% cheaper against Bitget than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SYRUPUSDT	0.2210	0.0100	pay 0.0050% / 4h	3m 19s	$697K	$508K	20x
Short	OKX SYRUP-USDT-SWAP	0.2207	0.0100	get 0.0050% / 4h	3m 19s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → +0.010%: −$14.6
Slippage, 4 orders: −$94.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$130.83
Costs to cover: 1.162%
Break-even: never at this rate

Slippage from Bitget: live order book, 52 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 52 min ago	11.24 bp	23.2 bp −$23	91.3 bp −$913	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.27 bp	37.0 bp −$37	426.9 bp −$4,269	doesn't fit	doesn't fit

SYRUP on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SYRUPUSD	−0.0806%	1h	0.2209	−0.039%	$40K	$22K	10x	as long as short
BloFin SYRUP-USDT	+0.0052%	4h	0.2207	−0.127%	$427K	$128K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2211	+0.032%	$204K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2210	−0.019%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2207	−0.126%	$9.0M	$7.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2208	−0.086%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAPshort	+0.0100%	4h	0.2207	−0.136%	$1.1M	$1.1M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2211	+0.045%	$408K	$70K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2207	−0.136%	$2.8M	$426K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2213	+0.158%	$1.9M	$151K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDTlong	+0.0100%	4h	0.2210	long leg	$697K	$508K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2209	−0.063%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2206	−0.192%	$158K	$32K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2208	−0.097%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0176%	1h	0.2213	+0.136%	$5.5M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0328% / S −0.1447%	1h	0.2209	−0.067%	$3K	—	50x	as long as short